U.S. markets close in 11 minutes

Customers Bancorp, Inc. (CUBI)

NYSE - Nasdaq Real Time Price. Currency in USD
Add to watchlist
28.40+0.84 (+3.05%)
As of 3:49PM EST. Market open.
Sign in to post a message.
  • J
    JIII
    7:57a ET 2/16/2021 - MarketWatch
    Customers Bancorp stock price target raised to $34 from $26 at B. Riley
  • b
    bottomsupinvestor
    On the last conference call, management indicated that they would start to buy back shares at the end of 2021 if the share price was below book value. I would think that book value would be over $30 by then.
  • j
    jim
    Broke above 7 pe. Still well below 12 pe bank average. Price sb +$40. Hope management works to close gap to this competitor intrinsic value in 2021.
    Bullish
  • J
    J.C.
    Consensus EPS is $4.74 this year, and $3.59 next year. That's a very low PE ratio of 3.6 and 6.7 for 2021 and 2022, respectively. Price to book ratio is also only 0.88, and short ratio only 2.12. If CUBI would start paying dividend the stock would attract more investors and a higher valuation. For some reason when I posted this same message a couple of days ago, the fascists at Yahoo who monitor the messages censored my comment and removed it! Have no reason why these marxists do what they do, but it's obvious they are clueless and think we are living in the old Soviet Union or modern day China.
    Bullish
  • J
    JIII
    Fingers crossed for a blowout quarter after the market closes today.
    Bullish
  • b
    bottomsupinvestor
    Well, it looks like BMTX is now trading. If I read the new report correctly, we won't actually get the shares transferred to CUBI shareholders for another 6 to 12 months depending on the stock price. I am assuming if you sell CUBI shares before then, that you still get the BMTX shares when they are transferred but I am not positive. We sure have a nice run upwards today.
  • b
    bottomsupinvestor
    Closing completed. Looks like slightly more shares that the original 0.11 - 0.14 range anticipated:

    "Upon closing of the Merger, Customers received cash consideration of $23.1 million and holders of Customers common stock who held their Customers shares as of the close of business on December 18, 2020 became entitled to receive an aggregate of 4,876,387 shares of BMT's common stock, representing approximately 41% of the outstanding common stock of BMT. Each holder of Customers common stock is entitled to receive 0.15389 shares of BMT common stock for each share of Customers common stock held as of the close of business on December 18, 2020. No fractional shares of BMT common stock will be issued; fractional share otherwise issuable will be rounded to the nearest whole share"
  • N
    Neil
    My BMTX restricted stock distribution showed up on 01/08 in my brokerage account. Number of shares was the correct ratio of 0.15389 shares of BMTX for each CUBI share.
    Not available to sell until restriction conditions are met.
  • C
    Carl
    Why isn’t the options volumes higher on this stock? It seems to be doing pretty well
  • J
    JIII
    $24.90 close. High of the day. About time this stock got some love.
  • J
    JIII
    Customers Bancorp Listed in Kiplinger’s 6 Best Financial Stocks to Buy in 2021

    Nice!
  • b
    bottomsupinvestor
    On a previous comment, I got a thumbs down when I mentioned that I assumed the Bank Mobile transaction would be a 2021 taxable event. Am I incorrect? I don't know for sure so please correct me if I am wrong.
  • J
    JIII
    It would be nice if after the spinoff of BM Technologies CUBI would institute a small cash dividend on their common shares. I think this would help increase the share price.
  • j
    jim
    Great progress. Back to last year level. Now the hard work begins.
    Bullish
  • Y
    Yahoo Finance Insights
    Customers Bancorp reached a 52 Week high at 26.43
  • Y
    Yahoo Finance Insights
    Customers Bancorp reached a 52 Week high at 25.16
  • Y
    Yahoo Finance Insights
    Customers Bancorp reached a 52 Week high at 27.37
  • Y
    Yahoo Finance Insights
    Customers Bancorp reached a 52 Week high at 23.63
  • Y
    Yahoo Finance Insights
    Customers Bancorp reached a 52 Week high at 24.65
  • m
    matt
    The market seems to be less than enthusiastic about the shrink assets, grow margins plan. Maybe if the spinoff isn't happening, it would make more sense to make the compliance and legal hires necessary to comply with regulations and grow into a mid-sized bank?